News

  • Off-plan properties transactions in Dubai reach the highest level in April

    The number of off-plan transactions in April increased by 12.9 percent, which was the highest in 14 months. According to the UAE's leading real estate portal Property Finder, the real state sector in Dubai witnessed solid activity last month recording a total of 4,832 property transactions worth USD 2.3 billion. Off-plan transactions increased by...

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  • RAK Properties profits increase by 433 percent in Q1 2021

    The company is keen to continue providing residential destinations that give residents a comfortable, safe and modern lifestyle. Ras Al Khaimah-based developer RAK Properties announced that its profits had increased by 433 percent during the first quarter of 2021. The company's profit for Q1 2021 amounted to a total of USD 17.4 million compared...

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  • You can now buy property in Dubai with VISA debit and credit cards

    Emaar Development and VISA partner up to make the process of property purchase easier for customers. Dubai's developing company Emaar Development and global digital payment system VISA have tied up to allow customers in the UAE to buy properties in Emaar projects using their debit and credit cards.  Ahmad Al Matrooshi of Emaar Development...

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  • Weekly real estate transactions in Dubai from 30 April to 6 May, 2021

    111 plots sold for USD 132 million, 1,027 apartments and villas sold for USD 509 million. 1,557 real estate and property transactions amounting to USD 925 million in total were recorded in Dubai during the week from 30 April to 6 May, 2021. 111 plots sold for USD 132 million, 1,027 apartments and villas sold for USD 509 million. The largest land...

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  • Real estate deals in Abu Dhabi exceed USD 3 billion in Q1 2021

    In terms of total sales Al Reem Island had the highest value. The Department of Municipalities and Transport of Abu Dhabi has reported that real estate transactions in the emirate amounted to USD 3.1 billion during the first three months of 2021.The recorded value included approximately 3,847 deals with lands, buildings and units. According to...

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  • Another most expensive villa sold for USD 27 million on Palm Jumeirah

    The villa was purchased by a European buyer. A luxury villa costing USD 27 million has been sold in Dubai, making it the second most expensive property sold in the emirate this year. Spanning over 20,756 square feet, the villa is located on the Palm Jumeirah and includes seven bedrooms, nine bathrooms, a steam room, a private pool and a garden....

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  • Ready villas/townhouses sales hit new records in Q1

    Almost all major communities have had an increase in sales numbers by more than 100 percent. Dubai's residential sector witnessed increased activity in the first quarter of the year. According to UAE real estate portal Property Finder, a total of 2,231 ready villas/townhouses were sold during the period compared to 673 last year. A lot of new...

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  • Weekly real estate transactions in Dubai, April 22-29, 2021

    121 plots of land were sold for USD 143 million, 1121 apartments and villas were sold for USD 598 million. 1,791 real estate and property transactions worth USD 2.3 billion in total were registered in Dubai during the week from 22 to 29 April, 2021. 121 plots of land were sold for USD 143 million, 1121 apartments and villas were sold for USD 598...

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  • Several projects of Azizi's flagship community Rivera is on track for delivery in 2021

    The stylish waterfront-lifestyle destination, which is part of the internationally acclaimed MBR City, will comprise approximately 16,000 residences. The UAE's leading private developer Azizi Developments announced that 68% of the works within the first phase of Rivera, its premium master planned community at MBR City in Dubai, had been...

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  • Buyers return: thousands of apartments and villas sold in Dubai in one month

    March 2021 recorded the highest number of sales transactions in 16 months, DLD figures say. Property transactions in Dubai have hit another record, with apartments and villas sales reaching USD 2.9 billion during just one month, the Dubai Land Department pointed out in its report. 4,643 real estate deals were registered in March 2021, which is...

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